This EDA investment supports the update and continued implementation of a comprehensive economic development strategy (CEDS) for the rural county of lake in northern california

The Department of Commerce Economic Development Administration awarded a $100,000 Project Grant to the Lake County Economic Development Corporation (LCEDC) under the Economic Adjustment Assistance (EAA) program (CFDA 11.307). The funding will support LCEDC in updating and implementing a Comprehensive Economic Development Strategy (CEDS) for Lake County, California. The updated CEDS will enable the county to effectively strategize for economic development, particularly in recovering from natural disasters and mitigating the impacts of inflation and supply chain issues. The CEDS process will bring together public and private sector stakeholders to diversify and strengthen the regional economy, expand economic opportunity, and create high-wage jobs. This EDA investment aims to support economic growth and resilience in the rural Lake County region.

The updated CEDS will allow the county to effectively strategize for economic development in the region, particularly to support the county in recovering from natural disasters ranging from wildfires to the covid-19 pandemic. The updated CEDS will also address the highly anticipated impacts of inflation and supply chain issues in a region heavily reliant on the tourism and recreation industries. The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy, and the updated CEDS will allow the region to expand economic opportunity and create high-wage jobs for its' residents.